Discovery Capital Management, LLC / CT
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Discovery Capital Management, LLC / CT reported 51 stock positions worth $700.0 million. Its top holding was Vista Energy Sab DE CV (VIST) at 15.7% of the portfolio, followed by Grayscale Bitcoin Trust ETF (GBTC, 12.6%) and Grupo Televisa SA-Spon ADR (TV, 7.3%). Compared with Q4 2023, it opened 24 new positions, sold out of 21, added to 12 and reduced 12. The biggest buy was a new position in Grayscale Bitcoin Trust ETF (GBTC) and the biggest sale Hertz Global (HTZ, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- SOUTH NORWALK, CT
- CIK
- 0001389507
- Portfolio Value
- $700.0M (Q1 2024)
- SEC Filing
- 0000919574-24-003135 ↗ filed May 15, 2024
Holdings Value
Holdings 51 stocks · $700.0M
| VIST Vista Energy Sab DE CV | 15.75% | 2,663,984 | $110.2M | Reduce -7.5% |
| GBTC Grayscale Bitcoin Trust ETF | 12.60% | 1,396,017 | $88.2M | New |
| TV Grupo Televisa SA-Spon ADR | 7.29% | 15,951,640 | $51.0M | Add +6.8% |
| GGAL Grupo Financiero Galicia-ADR | 6.09% | 1,675,689 | $42.6M | Add +44.5% |
| GEHC GE Healthcare Technology | 5.52% | 425,000 | $38.6M | New |
| XOM Exxon Mobil Corp. | 4.37% | 263,300 | $30.6M | New |
| BA The Boeing Co. | 4.35% | 157,850 | $30.5M | New |
| GENI Genius Sports Ltd. | 3.92% | 4,804,167 | $27.4M | Add +108.8% |
| MELI MercadoLibre Inc. | 3.83% | 17,725 | $26.8M | Add +290.9% |
| CRDO Credo Technology Group Holdi | 2.92% | 964,906 | $20.4M | Reduce -30.9% |
| AGRO Adecoagro SA | 2.69% | 1,708,736 | $18.8M | Add +4.3% |
| WDC Western Digital Corp. | 2.54% | 260,300 | $17.8M | New |
| VTLE Vital Energy Inc. | 2.34% | 311,267 | $16.4M | Add +26.8% |
| HTZ Hertz Global Hldgs Inc. | 2.07% | 1,850,698 | $14.5M | Reduce -57.4% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.97% | 697,379 | $13.8M | Add +81.2% |
| STNE Stoneco Ltd. Class A | 1.79% | 753,348 | $12.5M | Reduce -66.3% |
| OIH Vaneck Oil Services ETF | 1.69% | 35,100 | $11.8M | New |
| COMP Compass Inc. Class A | 1.44% | 2,804,899 | $10.1M | Reduce -24.7% |
| AMX America Movil Sab DE CV | 1.29% | 485,300 | $9.1M | Add +12.0% |
| AEM Agnico Eagle Mines Ltd. | 1.26% | 148,400 | $8.9M | New |
| LNG Cheniere Energy Inc. | 1.07% | 46,300 | $7.5M | No change |
| TTWO Take-Two Interactive Softwre | 1.03% | 48,500 | $7.2M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.01% | 595,200 | $7.1M | New |
| JRVR James River Group Holdings I | 1.00% | 752,181 | $7.0M | Add +75.5% |
| XES SS SPDR S&P Og Eqp & Serv | 0.97% | 72,700 | $6.8M | Add +104.8% |
| UBER Uber Technologies Inc. | 0.95% | 86,700 | $6.7M | New |
| LEU Centrus Energy Corp. Class A | 0.86% | 144,700 | $6.0M | No change |
| CX Cemex Sab-Spons ADR Part Cer | 0.83% | 642,900 | $5.8M | Reduce -67.1% |
| APP AppLovin Corp. Class A | 0.72% | 72,500 | $5.0M | New |
| ANF Abercrombie & Fitch Co. Class A | 0.70% | 39,241 | $4.9M | Reduce -74.9% |
| META Meta Platforms Inc. Class A | 0.55% | 8,000 | $3.9M | New |
| ALAB Astera Labs Inc. | 0.53% | 50,000 | $3.7M | New |
| PAM Pampa Energia SA-Spon ADR | 0.47% | 76,700 | $3.3M | New |
| ARGT Global X MSCI Argentina ETF | 0.45% | 59,200 | $3.2M | No change |
| BMA Banco Macro SA-ADR | 0.33% | 48,111 | $2.3M | Reduce -81.9% |
| NDAQ Nasdaq Inc. | 0.32% | 35,000 | $2.2M | New |
| RSP Invesco S&P 500 Equal Weight | 0.31% | 12,975 | $2.2M | Reduce -88.0% |
| TUR iShares MSCI Turkey ETF | 0.29% | 57,100 | $2.1M | New |
| KTOS Kratos Defense & Security | 0.26% | 100,000 | $1.8M | New |
| SN Sharkninja Inc. | 0.26% | 28,740 | $1.8M | New |
| INTA Intapp Inc. | 0.24% | 50,000 | $1.7M | New |
| USO United States Oil Fund LP | 0.23% | 20,300 | $1.6M | New |
| FRDM Freedom 100 Emeging MRKT ETF | 0.22% | 45,763 | $1.5M | Reduce -24.8% |
| INDA iShares MSCI India ETF | 0.13% | 18,280 | $943K | Reduce -60.6% |
| EWW iShares MSCI Mexico ETF | 0.11% | 11,597 | $804K | Reduce -97.5% |
| KYTX Kyverna Therapeutics Inc. | 0.09% | 25,000 | $621K | New |
| JANX Janux Therapeutics Inc. | 0.08% | 15,000 | $565K | New |
| GLD SPDR Gold Shares | 0.08% | 2,724 | $560K | New |
| GDX Vaneck Gold Miners ETF | 0.08% | 17,100 | $541K | New |
| IEF iShares 7-10 Year Treasury B | 0.06% | 4,523 | $428K | Add +8.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.03% | 2,982 | $232K | Add +5.6% |
Options reported separately and not counted above: QQQ puts ($24.1M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $35.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 8,004,093 | $35.5M | Add +27.6% |
Total filed on the 13F, all lines: $735.5M.
Portfolio Sells Q4 2023 → Q1 2024
| HTZ Hertz Global Hldgs Inc. | Reduce -57.4% | 2.07% | −5.13 |
| EWW iShares MSCI Mexico ETF | Reduce -97.5% | 0.11% | −4.93 |
| STNE Stoneco Ltd. Class A | Reduce -66.3% | 1.79% | −4.64 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −3.95 |
| RTX RTX Corp. | Sold out | 0.00% | −3.32 |
| RSP Invesco S&P 500 Equal Weight | Reduce -88.0% | 0.31% | −2.41 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −2.19 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −1.97 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −1.71 |
| UAA Under Armour Inc. Class A | Sold out | 0.00% | −1.60 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -67.1% | 0.83% | −1.59 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -74.9% | 0.70% | −1.50 |
| NXH Neighborhood Intelligence Inc. | Sold out | 0.00% | −1.43 |
| CRDO Credo Technology Group Holdi | Reduce -30.9% | 2.92% | −1.42 |
| SMTC Semtech Corp. | Sold out | 0.00% | −1.39 |
| IFS Intercorp Financial Services | Sold out | 0.00% | −1.02 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.93 |
| BMA Banco Macro SA-ADR | Reduce -81.9% | 0.33% | −0.89 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.88 |
| HLIT Harmonic Inc. | Sold out | 0.00% | −0.86 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.85 |
| COMP Compass Inc. Class A | Reduce -24.7% | 1.44% | −0.79 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.65 |
| PAGS Pagseguro Digital Ltd. Class A | Sold out | 0.00% | −0.63 |
| VNM Vaneck Vietnam ETF | Sold out | 0.00% | −0.60 |
| UA Under Armour Inc. Class C | Sold out | 0.00% | −0.59 |
| XP XP Inc. Class A | Sold out | 0.00% | −0.56 |
| BBD Banco Bradesco-ADR | Sold out | 0.00% | −0.56 |
| FORM Formfactor Inc. | Sold out | 0.00% | −0.44 |
| INDA iShares MSCI India ETF | Reduce -60.6% | 0.13% | −0.23 |
| FRDM Freedom 100 Emeging MRKT ETF | Reduce -24.8% | 0.22% | −0.10 |
| ALAUNOS THERAPEUTICS INC | Sold out | 0.00% | −0.05 |
| VIST Vista Energy Sab DE CV | Reduce -7.5% | 15.75% | +2.19 |
Portfolio Buys Q4 2023 → Q1 2024
| GBTC Grayscale Bitcoin Trust ETF | New | 12.60% | +12.60 |
| GEHC GE Healthcare Technology | New | 5.52% | +5.52 |
| XOM Exxon Mobil Corp. | New | 4.37% | +4.37 |
| BA The Boeing Co. | New | 4.35% | +4.35 |
| GGAL Grupo Financiero Galicia-ADR | Add +44.5% | 6.09% | +2.89 |
| MELI MercadoLibre Inc. | Add +290.9% | 3.83% | +2.69 |
| WDC Western Digital Corp. | New | 2.54% | +2.54 |
| OIH Vaneck Oil Services ETF | New | 1.69% | +1.69 |
| GENI Genius Sports Ltd. | Add +108.8% | 3.92% | +1.65 |
| AEM Agnico Eagle Mines Ltd. | New | 1.26% | +1.26 |
| TTWO Take-Two Interactive Softwre | New | 1.03% | +1.03 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.01% | +1.01 |
| UBER Uber Technologies Inc. | New | 0.95% | +0.95 |
| YPF YPF S.A.-Sponsored ADR | Add +81.2% | 1.97% | +0.92 |
| APP AppLovin Corp. Class A | New | 0.72% | +0.72 |
| META Meta Platforms Inc. Class A | New | 0.55% | +0.55 |
| VTLE Vital Energy Inc. | Add +26.8% | 2.34% | +0.55 |
| ALAB Astera Labs Inc. | New | 0.53% | +0.53 |
| XES SS SPDR S&P Og Eqp & Serv | Add +104.8% | 0.97% | +0.49 |
| PAM Pampa Energia SA-Spon ADR | New | 0.47% | +0.47 |
| JRVR James River Group Holdings I | Add +75.5% | 1.00% | +0.37 |
| NDAQ Nasdaq Inc. | New | 0.32% | +0.32 |
| TUR iShares MSCI Turkey ETF | New | 0.29% | +0.29 |
| KTOS Kratos Defense & Security | New | 0.26% | +0.26 |
| SN Sharkninja Inc. | New | 0.26% | +0.26 |
| INTA Intapp Inc. | New | 0.24% | +0.24 |
| USO United States Oil Fund LP | New | 0.23% | +0.23 |
| KYTX Kyverna Therapeutics Inc. | New | 0.09% | +0.09 |
| JANX Janux Therapeutics Inc. | New | 0.08% | +0.08 |
| GLD SPDR Gold Shares | New | 0.08% | +0.08 |
| GDX Vaneck Gold Miners ETF | New | 0.08% | +0.08 |
| AMX America Movil Sab DE CV | Add +12.0% | 1.29% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +5.6% | 0.03% | −0.00 |
| IEF iShares 7-10 Year Treasury B | Add +8.2% | 0.06% | −0.00 |
| AGRO Adecoagro SA | Add +4.3% | 2.69% | −0.21 |
| TV Grupo Televisa SA-Spon ADR | Add +6.8% | 7.29% | −0.67 |
Options Activity Q4 2023 → Q1 2024
| QQQ Invesco QQQ Trust Series 1 | put | New | 54,300 | $24.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Add +27.6% | 8,004,093 | $35.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 112 | $2.4B | SNDK, BAP, AMX, AMC, COMP |
| Q1 2026 | 76 | $1.9B | SNDK, AMX, MU, ON, METC |
| Q4 2025 | 87 | $1.8B | AMKR, METC, IREN, AMX, JPM |
| Q3 2025 | 85 | $1.8B | METC, IREN, ORBS, GDLC, AMX |
| Q2 2025 | 71 | $1.3B | NBIS, AMX, GENI, IREN, VIST |
| Q1 2025 | 55 | $822.6M | GENI, DFS, GGAL, VIST, AMTM |
| Q4 2024 | 76 | $1.4B | JPM, GGAL, XOP, AMZN, VIST |
| Q3 2024 | 58 | $799.2M | GGAL, VIST, AMZN, TV, VST |
| Q2 2024 | 50 | $731.1M | VIST, GGAL, TV, WDC, GEHC |
| Q1 2024 | 51 | $700.0M | VIST, GBTC, TV, GGAL, GEHC |